Key Takeaways
- ESG Bay raises £135,000 in pre-seed investment for its expansion and to grow its team.
- The fund will be used to enhance its ESG assessment technology and grow its customer base.
- ESG Bay, an ESG Self Assessment Platform, exceeded its initial funding target by 180%.
ESG Bay Raises Capital for Expansion
London-based ESG Self Assessment Platform, ESG Bay, has raised £135,000 in a pre-seed investment round supported by FundMyPitch. This fundraise will be used to drive ESG Bay’s expansion plans and to increase its workforce by 50%.
The investment, which exceeded the initial funding target of £75,000 by 180%, was led by Bigspace Investments Ltd and included contributions from several angel investors via the FundMyPitch platform.
Utilizing Investment for Growth
ESG Bay plans to use the funds to further advance its ESG assessment technology and expand its customer acquisitions. The platform aims to enhance its team of climate tech experts and extend its self-assessment platform, offering understandable ESG assessments and recommendations to businesses looking to measure their climate impact.
This comes on top of a previous grant ESG Bay received from Innovate UK.
AI-Powered Fundraising on FundMyPitch
The fundraising event took place on FundMyPitch’s video pitch platform, which uses AI algorithms to present innovative sustainability solutions like ESG Bay’s to a dynamic investor network. This network includes venture capitalists, startup incubators, and various financial institutions.
Steven Mooney, CEO of FundMyPitch, commented on the importance of supporting startups and SMEs, particularly during uncertain economic times. Mooney highlighted the vital role platforms like FundMyPitch play in providing pitching opportunities and connecting businesses to investor networks.
Collaborative Success
Agnieszka Petrzak, CEO of ESG Bay, expressed satisfaction with the funding process, noting that FundMyPitch had provided the necessary resources to scale up the company. Petrzak looks forward to using the funds to enhance ESG Bay’s monitoring capabilities and help businesses achieve their climate goals.
Following the funding round, a discussion between Steven Mooney and Agnieszka Petrzak on raising investment during turbulent times and ESG Bay’s journey so far is set to be featured on “The Funding Journey,” an educational platform for entrepreneurs and early-stage businesses.
About the Companies
FundMyPitch, founded in 2022 by Steven Mooney, connects investors with investment-ready companies seeking funds to kickstart their ventures, providing a transparent and secure environment for both parties. More information is available at fundmypitch.com.
ESG Bay offers a self-assessment platform that allows companies to measure their environmental and societal impact by applying universal metrics to identify their ESG priorities. More about the platform can be found at esgbay.com.
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